Soybean futures shed nearly one percent before the weekend

Soybean futures shed nearly one percent in American trade as the dollar index tilted higher according to their inverse relation, which follows a spate of data form the U.S., the world's largest soybean producer and exporter.
 
As of 08:30 GMT, soybean futures due on March 16 rose 0.91% to $1.027.75 a bushel from $1.036.75, with an intraday low at $1.026.50, and a high at $1.044.25, while the dollar index rose 0.07% to 99.86 from the opening of 99.69.
 
Earlier U.S. data showed the economy has created 227 thousand new jobs in January, up sharply from 156K in December, while analysts expected 170K.
 
The unemployment rate on the other hand rose to 4.8% from 4.7%, missing expectations of no-change, while average hourly earnings rose just 0.1%, down from 0.4% in December, while analysts expected a 0.3% rise.

On the same note, Fed member and Chicago Federal Reserve President Charles Evans expected three more rate hikes in 2017, before we saw the ISM services PMI down to 56.5 in January from 57.2, missing expectations of 57.0.
 
Finally, factory orders rose 1.3% in December, compared to November's 2.3% drop, while analysts expected a 1.5% rise.